The intention – with the International Monetary Fund as the main culprit – is to put that country under such a mountain of debt that it will sell every public service to private money and spend every Euro of GDP it ever makes in the future, simply servicing the debt it has run up.
The term for such a nation is “zombie economy”.
Oh, and you want to know the really frightening part?
That’s exactly what some of our most energetic politicians seem to have in mind for the UK, as well.
Fears were growing today Greece was heading for full economic meltdown as it struggles to repay an eye-watering international bailout.
Analyst firm the Eurasia Group has predicted the country will face a severe financial upheaval in the coming year.
Greece, which has been on the cusp of bankruptcy, is still struggling, and largely failing, to repay stinging loans from the IMF.
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